Foundation for Economic Education
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Big Corporations Reap Subsidies
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[Alligator Trading Co.] is among more than 700 that have shared $130 million since 2001 as part of the U.S. Department of Agriculture's Value-Added Producer Grants program. The goal is to help rural businesses cover marketing and development costs to expand their markets. [The] firm is on the small end. But the USDA has also awarded millions to giant food co-ops such as Welch's and Sunkist, as well as wine growers in California's Napa and Monterey counties. (Washington Post [1], Wednesday)
Another deja-vu story.
FEE Timely Classic
Aid to Owners of Dependent Enterprises [2] by Charles W. Baird
Article printed from Foundation for Economic Education: http://www.fee.org
URL to article: http://www.fee.org/articles/in-brief/big-corporations-reap-subsidies/
URLs in this post:
[1] Washington Post: http://www.washingtonpost.com/wp-dyn/content/article/2007/12/04/AR2007120402072.html
[2] Aid to Owners of Dependent Enterprises: http://fee.org/publications/the-freeman/article.asp?aid=4788
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